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Stock impact report

Geothermal Power Emerges as Trump's Favorite Clean Energy [Yahoo! Finance]

Ormat Technologies, Inc. (ORA) 
Last ormat technologies, inc. earnings: 2/25 04:30 pm Check Earnings Report
US:NYSE Investor Relations: investor.ormat.com
Company Research Source: Yahoo! Finance
States continue to develop innovative geothermal projects with financial support from Biden-era policies. The sweeping budget legislation that President Trump signed in July preserved most key tax credits for geothermal power. Bipartisan support has encouraged several energy companies and startups to invest heavily in research and development into advanced geothermal operations in recent years, with promising results, giving hope for future clean energy production. People have been tapping into geothermal energy from natural heat sources worldwide for centuries. Over the last fifty years, energy companies have tapped into geothermal sources using machinery to access harder-to-reach reserves. To achieve this, companies drill a borehole up to several kilometres deep, where the rocks are around 200°C, and inject water and sand at high pressure. This creates fractures in the rocks, which increases their permeability and produces a reservoir of hot water that can be extracted via a secon Show less Read more
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